2.3 Directors’ remuneration and attendance The remuneration of non-executive Directors consists of a mix of attendance and retainer fees and are aligned with market norms. Non-executive directors have not received remuneration in the form of share options or bonuses associated with organisational performance. The executive Director does not receive additional remuneration for serving on the Board of the Company or its committees. His remuneration package as an employee of the Company, including performance bonuses, is in accordance with market rates. The remuneration of the executive and non-executive Directors are reviewed and recommended for approval to Board on an annual basis by the Corporate Governance and Conduct Review Committee. The non-executive Directors are not paid any performance bonuses. Directors’ attendance at Board and Committee meetings as well as their remuneration from CFSL during the financial year ended 30 September 2023 are as set out in the table below. The frequency of Board meetings is determined in such a way that Directors can consider general matters as well as deal with emerging business opportunities effectively and in a timely manner. The Directors were able to commit sufficient time to their respective Committees and to Board meetings and serve the company effectively. The Company Secretary ensures that board papers are sent to the Directors in good time to facilitate the decision-making progress and strategic discussions and attends Board and committee meetings in order to take note of the key discussions and decisions taken by the Board. Attendance Interests Remuneration Category Board meetings ACC CGCRC RMC BIC ITSC Direct Indirect MUR TIMOL, Aisha IND 8/8 n/a 4/4 n/a 4/4 n/a 0.0012 nil 1,660,000 DARGA, Amédée NED 8/8 6/6 n/a n/a 4/4 4/4 0.0013 nil 980,000 JAUNBOCUS Fareedooddeen IND 8/8 6/6 n/a 4/4 n/a 4/4 nil nil 940,000 MOTET, Denis IND 8/8 6/6 n/a 4/4 n/a 4/4 0.015 nil 1,100,000 RAMDOSS, Sharona1 IND 2/2 1/1 n/a n/a n/a n/a nil nil 155,000 SOMEN, David NED 8/8 n/a 4/4 n/a n/a n/a nil nil 1,030,875 TAYLOR, Colin2 NED 8/8 n/a n/a 4/4 4/4 n/a nil 4.20 870,000 TAYLOR, Matthew3 NED 8/8 6/6 n/a n/a n/a 4/4 0.0059 1.64 710,000 TAYLOR, Philip NED 8/8 n/a 3/4 n/a n/a n/a nil 4.20 640,000 TAYLOR, Timothy NED 8/8 n/a 4/4 n/a 4/4 n/a 0.4108 8.09 700,000 VAN BEUNINGEN, Mark ED 8/8 n/a 4/4 4/4 4/4 4/4 nil nil 21,750,238 Note 1: Ms Sharona Ramdoss was appointed as Independent Director in June 2023. Note 2: Colin Taylor stepped down as Member of the RMC on 09 August 2023. Note 3: Matthew Taylor stepped down as Member of the ACC and was appointed as Member of the RMC on 09 August 2023. Key: IND – Independent Director | NED – Non-Executive Director | ED – Executive Director 81 OUR YEAR AT A GLANCE OUR PEOPLE GOVERNANCE FINANCIAL STATEMENTS
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